Provena Foods Inc.’s (Amex: PZA) sales were up 34% in the second quarter and 32% in the first half of 2001. The Company had a net loss of $98,634 for the 2nd quarter and $88,768 for the 1st half compared to net losses of $387,763 and $620,693 a year ago. The meat division accounted for the increased sales and reduced losses.

Provena Foods Inc. will forego its quarterly dividend which would have been paid September 30, 2001 to shareholders of record September 10, 2001, paying no dividend in the 3rd quarter of 2001.

    CONDENSED STATEMENT    Three Months Ended          Six Months Ended
OF OPERATIONS June 30, June 30,
(Unaudited) 2001 2000 2001 2000

Net Sales $ 7,905,495 5,892,722 15,644,176 11,820,122

Cost of Sales 7,237,991 5,790,469 14,062,144 11,314,014

Gross Profit 667,504 102,253 1,582,032 506,108

Operating
Expenses:
Distribution 290,359 274,912 614,362 554,324
General and
administrative 392,598 320,158 830,235 698,294

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Operating Income (15,453) (492,817) 137,435 (746,510)

Interest expense,
net (174,401) (185,898) (368,765) (346,740)
Other Income, net 44,420 34,438 103,362 61,557

Loss before income
taxes (145,434) (644,277) (127,968) (1,031,693)

Income tax benefit (46,800) (256,514) (39,200) (411,000)

Net earnings $ (98,634) (387,763) (88,768) (620,693)

Earnings per
share: Basic $ (0.03) (0.13) (0.03) (0.21)

Diluted $ (0.03) (0.13) (0.03) (0.21)

Weighted average
number of shares
outstanding:
Basic 3,056,878 2,997,118 3,050,416 2,989,335

Diluted 3,056,878 2,997,118 3,050,416 2,989,335